An SML takeover I would think would be a likely possibility, especially if the market cap stays so low. Why pay for one UK based project when you can have two?
Hopefully if our largest shareholders cotton on to something they will push us up before any takeover offer is on the table. Otherwise I would like to see NAE keep a stake in the project, not sell it all off. If this Redmoor project makes it into production I'd like to see some ongoing funds coming our way. Steady income would really turn this around.
Ann: Quarterly Activities and Cashflow Report, page-19
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